19 November 2009 | Steven Mills
The claimant had sent a request to the bank for information under section 77 of the Consumer Credit Act 1974. For a period of time, the bank could not locate the loan agreement and so could not comply...
Tags on this discussion: bank banking CRA credit reference agency data protection loan agreement request for information
19 November 2009 | Steven Mills
This is an interesting case as it sets out the nature of possession proceedings under CPR 55.
In this case, an order for possession of a property had been made in the absence of the defendant and...
Tags on this discussion: possession order property property possession
19 November 2009 | Steven Mills
The question the court considered was whether the second defendant had an equity in relation to the property and, if so, whether the claimant’s charge took subject to that equity.
The court held that...
Tags on this discussion: disability equity new case overriding interests property property sales
19 November 2009 | Steven Mills
The Alternative Finance Arrangements (Amendment) Order 2009 came into force on 15 October 2009.
The tax rules on alternative finance arrangements (such as Sharia-compliant financial contracts) require...
Tags on this discussion: financial institution tax tax rules
19 November 2009 | Steven Mills
The FSA has published proposals for the major reforms required in the UK mortgage market to ensure that it works better for consumers and is sustainable for all market participants.
The proposals, published...
Tags on this discussion: borrowing buy-to-let FSA mortgage advisers mortgages reforms
19 November 2009 | Steven Mills
The Insolvency Service has published the draft Insolvency (Amendment) (No. 3) Rules 2009. These Rules will make significant changes to the Insolvency Rules 1986 and aim to modernise insolvency practice...
Tags on this discussion: insolvency rules insolvency service
19 November 2009 | Steven Mills
The OFT has launched a review of industry compliance with its debt management guidance.
The guidance sets out the minimum standards of behaviour for providers of debt management services. However, the...
Tags on this discussion: consumer advice creditors debt management guidance debt managment service providers OFT review trade bodies trading standards
19 November 2009 | Steven Mills
According to newspaper reports, the FSA has agreed to reassess the system for compensating customers of failed financial institutions.
The FSA said that it will launch a consultation on possible changes...
19 November 2009 | Steven Mills
The Government is consulting on new proposals to reform the regulation of credit cards and store cards.
The proposals include forcing companies to allow customers to pay off their most expensive debts...
Tags on this discussion: consultation Credit Cards credit limits debts Government store cards
19 November 2009 | Steven Mills
The Payment Services Directive (PSD) was implemented in the UK by the Payment Services Regulations 2009 on 1 November 2009. This Directive, combined with the new Banking Conduct of Business Sourcebook...
Tags on this discussion: banking banks building societies compliance electronic money EU initiative Payment Services Directive PSD
